Since the End of World War II,the U

question 46

Multiple Choice

Since the end of World War II,the U.S.has almost always had rising prices and an upward trend in real GDP.To explain this

• A)it is only necessary that long-run aggregate supply shifts right over time.
• B)it is only necessary that aggregate demand shifts right over time.
• C)both aggregate demand and long-run aggregate supply must be shifting right and aggregate demand must be shifting farther.
• D)None of the above cases would produce rising prices and growing real GDP over time.

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Definitions:

Deceive

To intentionally mislead or give a false impression to others, often to gain some advantage or hide the truth.

Divert

To change the direction or course of something, often to avoid a problem or to distract attention.

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations, aimed at achieving a specific goal.

Politeness Theory

Theory that people have positive perceptions of others who treat them politely and respectfully.